September 29, 2008
Statement from Congressman Mike Pence
U.S. Congressman Mike Pence issued the following statement regarding the failure of the bailout bill today:
Today Congress took a stand for the American taxpayer and free markets. The American people rejected this corporate bailout and today the People’s House did likewise.It is now imperative that Congress come together and develop a response to the crisis facing our financial markets that reflects the American people’s belief in personal responsibility and fiscal discipline.
There are alternatives to the massive federal bailout that Congress rejected. I look forward to working with my colleagues in both parties to develop a response to this crisis that puts taxpayers first and preserves the essential freedom of the American marketplace.
Posted by George Moneo at September 29, 2008 04:22 PM
Comments
One of the proposals I've heard is that the Federal government insures the existing high risk mortgages (rather than acquiring them). This way we're only on the hook for the ones that truly go south. This seems to make more sense than the Fed becoming the largest landlord in the country.
Posted by: Henry Louis Gomez ![[TypeKey Profile Page]](http://www.babalublog.com/nav-commenters.gif)
at September 29, 2008 04:31 PM
I'm glad that many still believe that we must preserve the essential freedom of the American marketplace...
We will overcome this...
Mc Cain needs to truly get ready for the next debate, he could now act stronger than ever. He needs Palin to come out hard for the conservatives, now is the time.
Posted by: KMendiola at September 29, 2008 06:09 PM
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